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← University Bible Fellowship Church

2024-12-31-accounts

Company number: 4296006 Registered charity number: 1093126

UNIVERSITY BIBLE FELLOWSHIP CHURCH ANNUAL REPORT AND ACCOUNTS

31[st] DECEMBER 2024

UNIVERSITY BIBLE FELLOWSHIP CHURCH

CONTENTS

Page Nos.
Company information 3
Annual review of activities: 4
Serving students 5
Self-support and co-working 5
Working with the wider church 5
Activity expenditure explained 6
Independent examiner’s report to the Management members
7
Income and expenditure account 8
Balance Sheet 9
Notes forming part of the Financial Statements 10

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UNIVERSITY BIBLE FELLOWSHIP CHURCH

COMPANY INFORMATION

Members of the Management committee

Dr James Wood Mr Dong Kyu Kim Mr Darren Hildrow Mrs Joanna Ridge

Bankers

HSBC Bank Plc 31 Euston Road Euston London NW1 2ST

Independent examiner

Batsaikhan Ochirbat, FCCA 22 Lisle Court Cricklewood lane London NW2 2EP

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UNIVERSITY BIBLE FELLOWSHIP CHURCH

DIRECTORS’ REPORT

Annual Review of activities 2024

The UK has an incredibly rich and powerful Christian history but the UK church has seen decline over the past century. But not this year. This year saw the Church of England grow by 5% and see a 6% increase in young people attending, particularly younger men. God always hears the prayers of his people and it has been encouraging to hear that young people are showing a greater interest in the bible and coming to faith across this country. The growth of young people amongst us is a testimony to this work of God. The growth of the kids’ Sunday service and the community around it has been encouraging. It’s been a joy seeing the growth of the ministry band. For many under the age of 25 the main event of 2024 seems to the purchase of a pizza oven in the final few weeks of the year! Ministry teenagers were inspired by their visit to Heidelberg after the European conference where they saw people gather for a Friday night time of worship, teaching and pizza making to which they could invite friends. Having adopted this there is regular buzz of worship, pizza and time together. The fruit of the pizza oven was displayed to great effect in a wonderful Christmas drama which covered most of the bible in about 15 minutes. It was a great performance and showed the unity which has been achieved through the time they spent together this year, not simply eating together but growing in warmth and community. The week after Christmas we enjoyed our first post Sunday service pizza, giving thanks that 80 people had attended the Christmas service with 29 guests.

Love is the opposite of self-centredness, to which our hearts so easily turn, so we began the year with a message on Matthew 22:37-39 ‘Love the Lord your God with all your heart and with all your soul and with all your mind…And…“Love your neighbour as yourself.”' This reminded us that the heart of our community, no matter what our size, is in our relationship with God and with one another. Our study of the book of Ephesians helped us consider how to live as disciples and as a community whilst the books of Ezra, Nehemiah and Haggai spoke about the importance of rebuilding and to not despise the day of small things. Like Nehemiah, before we do anything we must return to him and his word.

The word of God and community have been at the centre of all we do. Our community has been active and fruitful. We have enjoyed conferences in spring on ‘Rest and Restoration’, the ESBC on the Way in Prague where we were able to make several contributions to the ESBC, through a choir, bible study and a message. At the autumn conference we reflected on ‘Transformative joy’ with messages from university students. The retreat in Scotland for A level and university students was on the theme of ‘death and discipleship’ and saw 16 people attend, wonderfully supported by Sarah H visiting from Austria.

Spreading across the country has also meant that we could co-work with Oxford, who between them serve up to 8 121 bible studies each week.

Jesus builds his church and has placed us in a huge, global city through which much of the world passes. The need is huge and the famine of hearing God’s word is acute. As we look forward to 2025, we are beginning with a reflection on the foundations of the ministry and core practices that have been so valuable to us. Although older missionaries may know why we study 121, share personal reflections, seek to raise disciples among

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UNIVERSITY BIBLE FELLOWSHIP CHURCH

university students or come to daily bread, each generation can benefit on understanding and reflecting on these foundations. After this we will continue with our study of Matthew’s gospel to understand more of what Jesus is teaching us about how to become more like him, grow in love for God and other, and share the good news with people around us.

Serving students

We continue to offer a range of services during the week and over the course of the year open to the community. With a focus on teaching, we aim to educate and inform others about the Christian faith.

We held seminars on the origin of the bible, explaining faith, objections and defeaters to faith and conferences in spring summer and autumn.

In Oxford and Bristol, we saw regular study with students, 2 of whom wonderfully married.

Self-support and co-working

The charity currently has no full time or paid workers. Self-support in London while sustaining the ministry on top of answering the demands of work and children is not easy. We cater for diverse needs, which in turn mean we have different groups meeting on Sunday. It means every conference is a complex mixture of Bible studies, art classes, fireworks, and outdoor games on top of regular preaching. This keeps us young and flexible, it is very important to serve children while at the same time keeping our focus and priority on university students.

Working with the wider church

As members of the Evangelical Alliance we pray to co-work well with other ministries and are based within the Methodist Church. We have a Baptist Pastor, and theologian Mark Sury, who works both with CCC and UCCF as an advisor. As well as praying for UCL, Roehampton, Bristol, Manchester, Goldsmiths, Oxford and Cambridge Universities.

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UNIVERSITY BIBLE FELLOWSHIP CHURCH DIRECTORS, REPORT Activity expenditures explained Accommodation & subsistence We rented space within Archway Methodist Church with rental costs for the building, a public worship hall, children's space, public meeting area and the associated premises expenses. Travel and educational support As part of an international ministry, we attended conferences across th¢ world and funded support for missionaries in need of a furlough. Financial support to headquarter & others We gave l O % of our income for world mission. In addition, over the year gifts or support was made to missions and charities e.g., Shelter, Ugandan aid, and Nigeria. Conference and meetings We held public conferences in Ashburnham, regular weekly meetings, often with food. Although a voluntary charge may be made for some events, we seek to support the costs where people caDllOt afford. Dong Kyu Kim I l July 2025

UNIVERSITY BIBLE FELLOWSHIP CHURCH

INDEPENDENT EXAMINER’S REPORT TO THE MANAGEMENT MEMBERS OF UNVIERSITY BIBLE FELLOWSHIP CHURCH

I report on accounts of the Church for the year ended on 31[st] December 2024 which are set out on pages from 8 to 10.

Respective responsibilities of the Management Members and the examiner

As the charity’s Management Members, you are responsible for the preparation of the accounts; you consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Batsaikhan Ochirbat FCCA 22 Lisle Court Cricklewood lane London, NW2 2EP

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UNIVERSITY BIBLE FELLOWSHIP CHURCH

INCOME AND EXPENDITURE ACCOUNT

For theyear ended on 31 December 2023 on 31 December 2023
2024 2023
£
£		 £
INCOME
Gifts and donations received 111,048 112,585
__ ______
111,048 112,585
__ ______
EXPENDITURE
Missionary support work
Accommodation and subsistence 43,023
 43,606
Ministry and training 5,234 8,387
Travel and education support 13,351
 11,621
Support to other missionaries 16,016
 14,126
77,624 77,740
Administration
Conference and meetings
 20,005 20,555
Office furniture and IT expenses 589
 748
Office overhead including professional fees
1,800
___
 __
20,594 23,103
_ __
Total expenditure for the year 98,218 100,843
_ __
Interest income received 3,857
EXCESS OF INCOME OVER EXPENDITURE
16,687		 11,742

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UNIVfRsrrY BIBLE FBLLOWIIHIP CHURCH 11A1.ANCF. SillF'.F".T Ai 11.11 l)ffemhtr 2024 2024 2fj1J ',RRF.NT ASSETS l)cMors Cash A bank 35,313 76.754 55.122 276.937 349.446 332.759 CRF.I)ITC)R%: a••••ts due V*'llhln o•e )'ur NF.T CIIRRFNT AASrn 349.446 J32.759 Total •wl• 332,719 l icncral lund J32.759 321.017 frttheye 16.U7 11.742 rnr the ve4f yi•a the •• wdli Wmkn 477 of thc C'¢)mpanics Aa IV￿¢11 th¢ £4JrnP&my I￿1¢ of ts• )unts t￿ the 476. lunli￿ (￿4￿> fAffb thr ul the ha. afAI {'.) pr¢pr •CCéiunts o( thr o( allAty• o( th¢ mfmny th• xi?3 and &i•x4 t¥h•ll b> 11

UNIVERSITY BIBLE FELLOWSHIP CHURCH

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

1. University Bible Fellowship Church

The University Bible Fellowship Church is a company limited by guarantee (Number 4296006), the liability of the members of the company being limited to £1 each.

2. Principal accounting policies

The financial statements are prepared under the historic cost convention. In preparing the financial statements the Church follows the best practice in the UK as set out in Accounting and Reporting by Charities: Statement of Recommended Practice 2015 – FRS 102.

Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Expenditures are included when incurred.

(d) Depreciation

Furniture, fitting, and office equipment are depreciated at 25% straight-line basis.

The cash and income of the charity has steadily increased in the last five years and based on this the trustees are in the view that there are no economic indicators that show that the sustainability of the charity is under threat in near future.

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